Virgil L Frantz Charitable Trust
- Assets
- $171.4k
- Revenue
- $49.5k
- Investments
- $139.2k
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 02/1979
- Data as of
- 12/2022
- EIN
- 51-0233131
Organization Overview
Virgil L Frantz Charitable Trust is located in Roanoke, VA. The organization was established in 1979. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virgil L Frantz Charitable Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Virgil L Frantz Charitable Trust generated $49.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.8% each year . All expenses for the organization totaled $56.5k during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Virgil L Frantz Charitable Trust has awarded 136 individual grants totaling $151,425. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander I Saunders Trustee | 0 | $0 | |
J Bouldin Frantz Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,733 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,749 |
| Capital Gain Net Income | $36,101 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,482 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $475 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,934 |
| Contributions, gifts, grants paid | $43,550 |
| Total expenses and disbursements | $56,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,253 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $171,412 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Virgil L Frantz Charitable Trust has awarded $43,550 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
PAWS FOR PURPLE HEARTS PURPOSE: GENERAL FUND | $200 |
THOMAS ROAD BAPTIST CHURCH PURPOSE: GENERAL FUND | $2,000 |
AMERICAN LUNG ASSOCIATION PURPOSE: GENERAL FUND | $150 |
BEDFORD MUSEUM PURPOSE: GENERAL FUND | $250 |
FATHER FLANAGANS BOYS TOWN PURPOSE: GENERAL FUND | $200 |
ST JUDES CHILDRENS RESEARCH HOSP PURPOSE: GENERAL FUND | $1,800 |